Origin successfully prices €900 million medium term notes as it refinances existing debt facilities

The Notes have a coupon of 2.50 per cent and will mature in October 2020. The proceeds have been swapped into Australian dollars.

The settlement of the offering is expected to occur by the end of April 2013 and is subject to customary settlement conditions.

The Notes will be issued by Origin Energy Finance Limited (a subsidiary of Origin) and will be guaranteed by Origin and certain of its subsidiaries.

This transaction follows the settlement on 5 April 2013 of a €150 million issuance of ten year notes under the Program, also swapped into Australian dollars.

Origin Executive Director, Finance and Strategy, Ms Karen Moses said, "Origin continues to focus on managing the maturity of its existing debt facilities, and the proceeds from both issues will be applied to the refinancing of existing debt used to fund capital expenditure associated with the Australia Pacific LNG project."

A summary of the key terms and conditions for both transactions is attached in Annexure A.

 

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